33548, Lutz, FL

The 33548 zip code of Lutz, FL has a median home value of $217,000 and a median home equity value of $128,000. The average home price in this zip code has increased by 16.5% since 2007. In addition, the average mortgage rate in this zip code is currently at 4.0%. This indicates that there is strong demand for homes in the 33548 zip code and that buyers are able to obtain mortgages at reasonable rates.

One reason for the strong demand for homes in the 33548 zip code is that Lutz is a growing city. The population of Lutz has grown by 10% since 2007 and is projected to grow by another 10% over the next five years. As a result, there are more opportunities for people to buy homes in this area and to invest in home equity.

Another reason why there is strong demand for homes in the 33548 zip code is that Lutz has low unemployment rates. The unemployment rate in Lutz was 3.7% as of September 2017, which is lower than the Florida statewide unemployment rate of 4%. This indicates that there are many jobs available in Lutz and that people can afford to buy homes even if they have low incomes.

In addition, many people who live in the 33548 zip code own their own homes outright or have access to low-interest mortgages from banks or other lenders. This means that they do not need to rely on rental income or other sources of income to support their lifestyles or pay their mortgage bills. As a result, they are more likely than others to be able to buy a home when they want one and to keep it over time if they decide to sell it later on.